Indonesia's palm oil fund urges govt to rethink biodiesel funding plan

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JAKARTA : Indonesia's palm oil fund agency urged the government to come up with a new funding policy for its biodiesel programme as use of the palm oil fuel blend is expected to widen, the fund's chief said on Thursday.

The agency is also charged with funding other palm oil programmes, such as replanting for smallholders.

"We are expecting that January will be a time of tightness in the market, so it may make sense for the government to allow the implementation to be delayed slightly," Mistry told Reuters on the conference sidelines.

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Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Agency Fund Expected Biodiesel Palm Indonesia Government Policy Funding Fuel Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 16:58:19 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23459402

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